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Foreign Exchange (Forex)

The foreign exchange market (forex) is a worldwide financial market for the trading of currencies. It is open 24 hours a day except on weekends and is the largest and most liquid market in the world. A typical transaction would be the purchase of one currency with payment by another currency.

1,131 Questions

How are prices established in the foreign-exchange market?

As in all other market, prices of the currencies pairs are determined by the supply and demand of the market. When the demand is higher than the supply the price increases and vice versa.

How to trade in forex market in individualy?

In order to trade the Forex market individually all you'll have to do is to open an account with one of the many Forex brokers available and invest some money.

The amount required to start trading can vary from 10$ (mini account) to as much as your financial status allows.

Although it is easy to open an account and start trading I wouldn't recommend doing it without the proper education and never invest money before trading a demo account first.

What type of and how manu foreign exchange reserves currencies are maintained by Afghanistan and why?

so many because its chaos there right now and nobody is in control and is just doing wat evre they want to do

How much money does China owe America?

China doesn't owe America. American owes China about 1.4 Trillion Dollars.

Does foreign exchange gain get taxed?

Yes but i belive also no , bependent on which country you are resident of

What is the need for foreign exchange?

There are 2 primary needs for foreign exchange:

1) To allow individual and businesses to pay for a product or service in a different currency from that which they currently hold. For example, I currently hold European Union Monetary Units (EURO or EUR) and I need to purchase a case of coconuts from Malaysia and the bill is in Malaysian Ringgit (MYR). I need a method to convert the EUR into MYR to settle the bill. The monetary conversion must take place at some point regardless of whether I physically travel to Malaysia to pay in person or send the money through other means.

2) For hedging, a company may hold multiple currencies and have a need to hedge their exposure against the rise or fall of a particular currency. So they could use a retail broker and buy or sell a certain amount of the currency they are hedging against to protect against losses from exchange rates rising or falling between the time they hold the currency and the time that the currency has to be used for spending on products or materials.

How exporting and importing can increase foreign exchange?

Exporting and importing goods will increase the chances of greater communication with other countries. The export of local products will be greater if other residing countries enjoy the product and would want to have more exported. It's almost the same with importing other products. If there is a greater demand for it, the country will have to get more from where the product came from.

Where is their a foreign exchange bank in Memphis tn?

In Memphis, TN, you can find foreign exchange services at various banks and financial institutions, such as Regions Bank and First Tennessee Bank. Additionally, currency exchange services are available at certain exchange bureaus and travel agencies. It's advisable to check with specific locations for their foreign exchange offerings and hours of operation.

Who is the best regulation for forex trading?

There is no worldwide body to regulate forex. Most countries have an individual authority that regulates any financial firms/brokerages.

What is weekly trend?

A weekly trend is the trend of a certain security when looking in a chart with weekly time frame.

Would the NYSE be a good place to sign up for a forex capital market account?

"If you would like to sign up for a Forex capital market account, I would suggest going directly to the Forex company, possibly by use of their website. Forex trading can help you trade on the NYSE, but you cannot sign up for an account at a stock exchange building."

What are Forex's Trading hours?

"The Forex trading hours of operation runs 24 hours each and every day. However, knowing when to trade is crucial to trading success. When the market is at it's highest volume is the right time to trade. This time will vary for the world markets and time zones associated with each one. Tokyo and New York have standard hours of operation, but must be viewed upon according to the ""open"" hours of trading for each market, etc."

Are there any cost with trading with cfd?

"Yes, there is a cost for using the leverage that CFDs enjoy. You will be charged interest daily for the margin, which is effectively the broker lending you money. This applies if you go long, that is you expect the financial instrument to increase in value."

What is fx currency trading?

"Forex currency trading operates very similarly to traditional stock market trading, only instead of stocks, you purchase foreign currency. Since the value of currency is constantly changing, you purchase a currency with the hopes that the value will increase and you will make a profit."

What are the forex trading hours?

"Forex a futures trading company based in New York City. Their listed trading hours are from 5 p.m. Sunday to 4 p.m. Friday, 24 hours a day. Their customer service hours are listed as identical to their trading hours."

What is global forex trading about?

"Global Forex, or foreign exchange, trading is the buying and selling of foreign currencies hoping to make a large profit as the values of those currencies fluctuate against one another."

What is algorithmic trading and is it a difficult job?

"Algorithmic trading is basically automated trading. It requires specialized skill sets unique to the finance and trade industries, in addition to the technical abilities necessary to execute (or learn to execute) the complicated internet protocols."

What does Automated Forex Trading offer that other trading sites don't?

"Automated Forex Trading offers great services that no other trading sites offer. They are quick and reliable. If you have a complaint, they will take you seriously."

What is forex trading strategy like?

Forex trading strategy is all about foreign exchange of curriences all around the world...Forigen exchange purpose is about the international trading by converting one currenct to another(much more benifical to people who invest money in it).

Can Forex Trading Tutorial help with currency trading?

The best tools to help you trade Forex I recommend that you use them because they get you rich

I use all tools, but the best of them are 2

  1. cutt.ly/Vh8Ls3O

  2. cutt.ly/Jh8Llux

  3. cutt.ly/1h8Lvez

Put the link on Google so that you can know enough information about each tool, because this site does not allow sharing links

What is CFD trading platform?

"Contract for Difference or CDF trades, are contracts between a buyer of a stock and a seller of a stock in a certain amount of time. The seller owns the stock and pays the buyer the value difference of the stock at the end of the contract. Invest at your own risk."